The global Vinyl Tiles Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vinyl tiles market include Mohawk Industries, Tarkett, Armstrong Flooring, Congoleum, NOX Corporation, Mannington Mills, Polyflor, Parterre, Hailide New Material, Forbo. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The global vinyl tiles market is anticipated to grow at a robust rate due to increasing construction and renovation activities worldwide and superior property offerings over other construction materials. Vinyl tiles are frequently chosen for interior décor areas due to low cost, durability, and ease of maintenance. Vinyl tiles offer high resilience to abrasion and impact damage and can be repeatedly refinished with chemical strippers and mechanical buffing equipment. Moreover, tiles can be easily removed and replaced when damaged. All these advantages are influencing its demand worldwide. However, the presence of other alternative tiles in the market hinders the vinyl tiles demand to some extent.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vinyl tiles . The growth and trends of vinyl tiles industry provide a holistic approach to this study.
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Market Segmentation
This section of the Vinyl Tiles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Tile
· PVC Roll
· Luxury vinyl
By Application Type
· Residential
· Commercial
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the vinyl tiles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the vinyl tiles market include Mohawk Industries, Tarkett, Armstrong Flooring, Congoleum, NOX Corporation, Mannington Mills, Polyflor, Parterre, Hailide New Material, Forbo.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Get more information on "Global Vinyl Tiles Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vinyl-tiles-market/download-sample Market Dynamics The global vinyl tiles market is anticipated to grow at a robust rate due to increasing construction and renovation activities worldwide and superior property offerings over other construction materials.
Vinyl tiles offer high resilience to abrasion and impact damage and can be repeatedly refinished with chemical strippers and mechanical buffing equipment.
However, the presence of other alternative tiles in the market hinders the vinyl tiles demand to some extent.
Various reforms and regulations introduced by developing nations for boosting the infrastructure and real estate industries drive the growth of the global luxury vinyl tiles market.
Rising consumer demand for luxury vinyl tiles from emerging economies is an opportunity for the market players.Key PlayersThe prominent players in the global luxury vinyl tiles market are Interface, Inc. (US), Tarkett (France), Gerflor (France), Shaw Industries Group, Inc., (US), Mannington Mills, Inc. (US), Armstrong Flooring, Inc. (US), James Halstead plc (UK), Mohawk Industries (US), and Forbo Group (Switzerland).Vinylasa (Mexico), The Dixie Group, Inc. (US), Adore Floors, Inc. (US), American Biltrite (Canada) Ltd. (Canada), Milliken & Company (US), and Responsive Industries Limited (India) are some other key players operating in the global luxury vinyl tiles market.Asia-Pacific to dominate the global luxury vinyl tiles market during the forecast periodOn the basis of region, the global luxury vinyl tiles market is segmented as North America, Asia-Pacific, Europe, and the rest of the world.
Asia-Pacific dominated the global market, followed by North America, primarily due to the growth in construction industry, mainly in China and India.
The increasing real estate investment and growing number of Special Economic Zones (SEZ) in developing countries, mainly in India, are the other major factors driving the market growth in Asia-PacificNorth America has witnessed significant growth in the construction industry, owing to the increased home improvement and renovation projects in the region.
As per the US Census Bureau data, the total annual value of private construction in the US is USD 992,528 million in 2018, USD 539,800 million of which is for residential construction.
Moreover, the US is home for the key companies operating in the market such as Mohawk Industries, Shaw Industries Group, Inc., Interface, Inc., Armstrong Flooring, Inc., and Mannington Mills, Inc.The flexible segment is set to occupy a large share of the global luxury vinyl tiles marketThe global market is segmented on the basis of type as flexible and rigid.
